Fu Rong Technology's net profit in the first half of the year decreased by 60% year-on-year. The company secretary said it was mainly due to losses from its subsidiaries.

On the evening of August 26th, the journalist called Fu Rong Technology as an investor to inquire about the company's significant decrease in net profit in the first half of the year. The company's secretary to the board, Huang Wei, explained that the main reason for the decline in net profit was due to losses from a subsidiary company engaged in new energy. "The subsidiary only started production in the second half of last year, so it is in a process of gradually increasing production and sales. Therefore, it experienced losses, but it was profitable in July. These two subsidiary companies should perform better in the second half of the year compared to the first half," Huang Wei added.